Comments on: Chart of the Day: The Laffer Spike

By: Scary Graphs of the Week « Plano Tea Party

Scary Graphs of the Week « Plano Tea Party — Sun, 14 Jun 2009 06:09:59 +0000

[...] 4, 2009 · No Comments Only Germany in the 1920s matched this one… and ended up using currency as a cheaper alternative to [...]

By: Right_of_Attila

Right_of_Attila — Sat, 13 Jun 2009 00:07:33 +0000

The Laffer curve was fully refuted by the Jimmy Carter presidency.

ernesto on June 12, 2009 at 4:06 PM

How was that done? Explain, or shut up.

By: ernesto

ernesto — Fri, 12 Jun 2009 20:06:04 +0000

Skandia Recluse on June 11, 2009 at 12:08 PM

The Laffer curve was fully refuted by the Jimmy Carter presidency.

By: MichiganMatt

MichiganMatt — Fri, 12 Jun 2009 19:52:44 +0000

I’m an economics novice. Others keep mentioning money printed but not in circulation and therefore having no effect. If the money is not intented for circulation, then why print it?

By: Unemployment and the Economy: With Obama, Without Obama « Of Cookies & Monsters

Fri, 12 Jun 2009 16:22:02 +0000

[...] http://hotair.com/archives/2009/06/11/chart-of-the-day-the-laffer-spike/ [...]

By: BrideOfRove

BrideOfRove — Fri, 12 Jun 2009 14:56:10 +0000

There is a bright side (of sorts) to all of this crap coming at us at light speed – The Obozo voters are gonna be hit first and hit HARD!
.
We’ll have about three weeks to laugh at them.

Lanceman on June 11, 2009 at 10:15 PM

You know? This made me feel all better for about a minute. I’ll take it. Thanks! *checking wine rack for three week supply and liquor cabinet for back-up* We’re good.

By: Friday Links at Bride of Rove

Friday Links at Bride of Rove — Fri, 12 Jun 2009 14:02:20 +0000

[...] Chart of the Day: The Laffer Spike (Lot of great information in that conversation – I recommend you read through all the comments) [...]

By: LarryD

LarryD — Fri, 12 Jun 2009 13:52:56 +0000

I’m slightly frightened that there is only a short stint where the change in monetary flow is below zero… Doesn’t that mean the Fed is constantly pumping more money in than it is taking out?

Does this give anyone else reason to get rid of the Fed?

When the economy is growing, then the money supply needs to grow also. As long as they maintain the same ratio then you have neither inflation nor deflation. The problem is that spike is an order of magnitude greater than normal growth, and we’re in a recession to boot.

The Fed is monetizing the debt, thinking that they can soak it back up when the economy improves, before inflation sets in. But much of the assets they been buying are of the toxic type, I expect they’ll have a harder time selling them than the bonds they usually buy. And as the 1970s proved, it’s entirely possible to have inflation without a growing economy.

By: Alden Pyle

Alden Pyle — Fri, 12 Jun 2009 11:30:04 +0000

Relax, Obama’s president now, you don’t have to pay for your mortgage or gas for your car….

By: Stagflation or Hyperinflation? « The American Catholic

Stagflation or Hyperinflation? « The American Catholic — Fri, 12 Jun 2009 10:36:15 +0000

[...] Hattip to Ed Morrissey at Hot Air . Economist Arthur Laffer, he of the Laffer Curve, sounds the tocsin regarding the incredible expanision of the money supply. [...]

By: ConservadorRebelde

ConservadorRebelde — Fri, 12 Jun 2009 05:54:06 +0000

I am so angry I think my head is going to spin. I come here so I know there are others like me.

constitutionlady on June 11, 2009 at 8:06 PM

Same here.

By: ConservadorRebelde

ConservadorRebelde — Fri, 12 Jun 2009 05:53:02 +0000

I’m slightly frightened that there is only a short stint where the change in monetary flow is below zero… Doesn’t that mean the Fed is constantly pumping more money in than it is taking out?

Does this give anyone else reason to get rid of the Fed?

By: News of the Day, 6/11/2009 « Mr. Smith Goes Conservative Blogging

News of the Day, 6/11/2009 « Mr. Smith Goes Conservative Blogging — Fri, 12 Jun 2009 05:34:17 +0000

[...] into taking Merrill Lynch. For more on how “Godfather” Bernanke is managing things, see “Chart of the Day: The Laffer Spike” and PROOF: There Are No ‘Green [...]

By: Geezer

Geezer — Fri, 12 Jun 2009 02:51:52 +0000

As I stated earlier…

I agree,

“labels… are only applicable in a particular historical context…” or by further specific definition and refinement by those who espouse the particular religion or ideology. Geezer on June 11, 2009 at 10:08 AM

The National-Socialist Party and the German National (Conservative) Party ~ By Adolf Hitler (1922) Geezer on June 11, 2009 at 12:04 PM

“The radical of one century is the conservative of the next. The radical invents the views. When he has worn them out the conservative adopts them.” ~ Mark Twain-Notebook, 1898

I still remain your humble servant.

Be Jeebuss…I luv you gals and guys…!

By: Lanceman

Lanceman — Fri, 12 Jun 2009 02:15:46 +0000

There is a bright side (of sorts) to all of this crap coming at us at light speed – The Obozo voters are gonna be hit first and hit HARD!
We’ll have about three weeks to laugh at them.

By: Fed rapidly increases money supply, stokes inflation concerns « Wellsy’s World

Fri, 12 Jun 2009 01:33:33 +0000

[...] Morrissey recognizes this pattern from a previous sector in history: the Weimar Republic in Germany, which crashed down in utter [...]

By: constitutionlady

constitutionlady — Fri, 12 Jun 2009 00:06:49 +0000

I am so angry I think my head is going to spin. I come here so I know there are others like me.

By: The Anchoress — A First Things Blog

The Anchoress — A First Things Blog — Fri, 12 Jun 2009 00:00:56 +0000

[...] Economic Maneuvering Room Already Exhausted? The Mythological “created or saved” The High Risk President. AMA rejecting Obamacare (H/T) About that Kennedy-Dodd bill… “Smart Diplomacy” [...]

By: moonbatkiller

moonbatkiller — Thu, 11 Jun 2009 23:32:58 +0000

cool!

By: VekTor

VekTor — Thu, 11 Jun 2009 23:12:26 +0000

The only solution is for private citizens to begin hoarding and burning money to keep supply down.

Any volunteers?

Aronne on June 11, 2009 at 5:45 PM

Do we get to pick and choose whose money it is that’s going to be hoarded and then burned?

By: VekTor

VekTor — Thu, 11 Jun 2009 23:11:09 +0000

I can balance a bowl in my head. I’m good to go.

SouthernGent on June 11, 2009 at 10:25 AM

There are millions of things I can do in my head. The test comes when you have to do it in real life…

By: VekTor

VekTor — Thu, 11 Jun 2009 23:08:41 +0000

Can I have fries with that??

DamnYankee on June 11, 2009 at 10:40 AM

Remedial assignment for you, DY, watch the video again!

Fearless Leader clearly says “You want fries?” before leaving for Five Guys.

Get in step!

By: HTL

HTL — Thu, 11 Jun 2009 22:40:11 +0000

Tacitus SGL: an interesting question, and one that, frankly, I don’t know the answer to. Looking at the data from the Fed, there doesn’t appear to be any lag time, but that could just be because other factors dominate the effect of an increase in M0 to such an extent that the timing effects are lost in all the other “noise”.

In which case, of course, Laffer may be inferring a cause-and-effect relationship that does not actually exist.

By: CWforFreedom

CWforFreedom — Thu, 11 Jun 2009 22:23:26 +0000

The only solution is for private citizens to begin hoarding and burning money to keep supply down.

Any volunteers?

Aronne on June 11, 2009 at 5:45 PM

The only solution? wow big thinker/s

By: Aronne

Aronne — Thu, 11 Jun 2009 21:45:30 +0000

The only solution is for private citizens to begin hoarding and burning money to keep supply down.

Any volunteers?